358 Concord Avenue
Land | 262,212 SqFt
Marketing description
Avison Young, as exclusive agent, is pleased to present an opportunity to acquire 358 Concord Avenue and its accompanying air-rights (the “Property”). The Property is a corner industrial site with significant air rights poised for development. The Site is currently improved by a 20,300 SF single-story warehouse building.
The proximity to new commercial developments, Industrial Hubs, residential density and transportation provides avenues for Commercial Development, Non-Profit Development, or Residential development through a ULURP process.
The Property offers excellent accessibility, located just one block from the East 143rd Street Subway Station (6 train). It is also a short drive from the Major Deegan Expressway, with convenient connections to the Bruckner Expressway, RFK/Triborough Bridge, and Harlem River Drive.
Investment highlights
Significant Residential Development Shapes the South Bronx
Significant Air Rights & Development Potential – 262,212 BSF As-Of-Right
Dynamic Area Surrounded by Major Institutions – Bronx Detention Center
Multiple Development Uses – Commercial, Community Facility, Residential Potential
Pro-Development Incentives – ICAP, ULURP, Build NY
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